Microchip Technology Expands Colorado Springs, Colorado, Silicon Carbide Plant
02/20/2023
The company will develop and upgrade its 50-acre, 580,000-square-foot campus for increased SiC manufacturing for use in automotive/E-Mobility, grid infrastructure, green energy, and aerospace and defense applications. The campus currently produces products from 6-inch wafers. The manufacturing technology that Microchip is installing will run on 8-inch wafers, which will significantly increase the number of chips produced at this location.
“Microchip Colorado Springs has a long history of partnering with the city and state and we applaud their continued support of our efforts to advance the semiconductor industry in the U.S., said President and CEO of Microchip Technology Ganesh Moorthy said. “The CHIPS and Science Act is already making a positive impact on our business through the Investment Tax Credit and we are seeking capacity expansion grants for several of our semiconductor factories, including our Colorado Springs factory. We see a bright future in the region made possible by great partnerships, state and local incentives, and a strong local talented workforce.”
Working in conjunction with the Colorado Springs Chamber & Economic Development Corporation, the City of Colorado Springs and El Paso County also announced that Microchip was approved for state and local incentives of approximately $47 million for the expansion.
“Microchip is an excellent partner to both the state and its local community, and this investment builds upon an important and thriving relationship in the wake of the passage of the CHIPS and Science Act,” noted Eve Lieberman, Office of Economic Development and International Trade Executive Director. “Governor Polis has placed the attraction and retention of the semiconductor industry companies at the forefront of Colorado’s economic strategy.”
Headquartered in Chandler, Arizona, Microchip Technology’s easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve more than 125,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets.
“Microchip’s expansion in Colorado Springs and El Paso County puts our region on the map for investment from the CHIPS and Science Act. We are proud to lead Microchip’s expansion project and support the reshoring of these important manufacturing jobs to the Pikes Peak region,” added Johnna Reeder Kleymeyer, President and CEO, Colorado Springs Chamber & Economic Development Corporation.
Project Announcements
DriveSmart Plans Newport, Arkansas, Call Delivery Facility
09/29/2023
Samsung SDI America Expands Auburn Hills, Michigan, Operations
09/29/2023
Wells Fargo Expands Roanoke County, Virginia, Customer Support Center
09/28/2023
Retech Systems Expands Tonawanda, New York, Operations
09/28/2023
Viega Establishes Shalersville, Ohio, Production Operations
09/27/2023
Japan-Based Dassai Establishes Hyde Park, New York, Operations
09/26/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Why the Southeast Is Winning EV Projects, With More on the Way
Q3 2023
-
EV Impacts to Watch in 2023 and 2024
2023 Auto/Aero Site Guide
-
U.S. Attracting FDI From European Manufacturers
Q3 2023
-
2023 Top States Workforce Development Programs
Q3 2023
-
Power-Intensive Site Selection
Q3 2023